Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Tax Exempt Municipal Income, Intermediate, 39 (Closed)  Ticker: FRVGLX
 
Description
This unit investment trust seeks to distribute income exempt from federal and, in certain instances, state and local income taxes and to preserve capital by investing in a portfolio of investment grade tax-exempt municipal bonds..
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TEIN39
Portfolio Status: Secondary
Initial Offer Date: 03/05/2019
Secondary Date: 04/25/2019
Wtd Avg Maturity: 9.7
ELTR Life: 8.2
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,155.0000
NAV(*): $1,143.8100
POP(*): $1,180.5600
PAR(*): $999.4000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/20/2019 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
33741B324 Monthly $1.4100 $42.1800 3.570% 1.717%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
083293FF2 225,000 BENTON TWP MI 5%, due 05/01/2031  AA MI 5.00000 05/01/2031M 05/01/2028 100.0000
094401HT6 225,000 BLOOMINGDALE NJ 3%, due 03/01/2030  AA- NJ 3.00000 03/01/2030M 03/01/2026 100.0000
097558KM1 225,000 BOLINGBROOK IL PARK DIST N/C, 4%, due 12/30/2026  NR IL 4.00000 12/30/2026M    
214579LT9 220,000 COOK CNTY IL SCH DIST NO 111 5%, due 12/01/2029  A+ IL 5.00000 12/01/2029M 12/01/2027 100.0000
25920PAG3 145,000 DOUGLAS CNTY MO N/C, 3%, due 12/01/2025  BBB+ MO 3.00000 12/01/2025M    
289171GK0 175,000 ELLSWORTH WI CMNTY SCH DIST 3.50%, due 04/01/2030  NR WI 3.50000 04/01/2030M 04/01/2024 100.0000
416489RX2 225,000 HARTFORD CNTY CT MET DIST 3.75%, due 11/01/2028  AA CT 3.75000 11/01/2028M 11/01/2024 100.0000
485321BP7 225,000 KANSAS PWR POOL MUNI ENERGY AGY 5%, due 12/01/2028  NR KS 5.00000 12/01/2028M 12/01/2025 100.0000
48563UBP5 350,000 KAREGNONDI WTR AUTH MI 5%, due 11/01/2028  A MI 5.00000 11/01/2028M 11/01/2027 100.0000
494782LA1 100,000 KING CNTY WA PUBLIC HOSP DIST 5%, due 12/01/2030  NR WA 5.00000 12/01/2030M 12/01/2028 100.0000
57584YPY9 225,000 MASSACHUSETTS ST DEV FIN AGY REV 5%, due 07/01/2030  BBB+ MA 5.00000 07/01/2030M 01/01/2029 100.0000
60416H4K7 225,000 MINNESOTA ST HGR EDU FACS AUTH N/C, 5%, due 10/01/2027  NR MN 5.00000 10/01/2027M    
647753LL4 350,000 NEW ORLEANS LA WTR REVENUE 5%, due 12/01/2029  A- LA 5.00000 12/01/2029M 12/01/2025 100.0000
66353LCX3 145,000 NORTHAMPTON CNTY PA GEN PURP 5%, due 10/01/2030  BBB+ PA 5.00000 10/01/2030M 10/01/2026 100.0000
727866AJ4 350,000 PLATTEVILLE-GILCREST FIRE PROT DIST N/C, 4%, due 12/01/2027  A CO 4.00000 12/01/2027M    
733760XT4 210,000 PORT CHESTER NY 3%, due 02/15/2030  NR NY 3.00000 02/15/2030M 02/15/2027 100.0000
759911NG1 350,000 REGL TRANSPRTN AUTH IL 6%, due 06/01/2025  AA IL 6.00000 06/01/2025M    
785870XK7 230,000 SACRAMENTO CITY CA UNIF SCH DIST N/C, 5%, due 08/01/2027  NR CA 5.00000 08/01/2027M    
875139AL1 225,000 TAMPA FL NON-AD VALOREM REVENUE 3.50%, due 10/01/2031  AAA FL 3.50000 10/01/2031M 10/01/2026 100.0000
914233K67 225,000 UNIV OF CONNECTICUT CT 5%, due 01/15/2028  AA- CT 5.00000 01/15/2028M 01/15/2027 100.0000
969078ST2 350,000 WILL CNTY IL CMNTY UNIT SCH DIST 365 4%, due 01/01/2032  NR IL 4.00000 01/01/2032M 01/01/2026 100.0000
 
Total Number of Holdings:    21


Risk Considerations

Buy & Hold Risk – Tax-Free Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity.

Insurance Risks. Certain of the securities in the trust are covered by insurance policies obtained by the issuers or underwriters of the bonds from insurance companies. There can be no assurance that any insurer will be able to satisfy its commitments in the event claims are made in the future.

Municipal Bonds Risk. Municipal bonds are subject to numerous risks, including higher interest rates, economic recession, deterioration of the municipal bond market, possible downgrades and defaults of interest and/or principal.

Municipal Securities Volatility Risk. The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers. The markets for credit instruments, including municipal securities, have experienced periods of extreme illiquidity and volatility.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cyber security.

Estimated current return is determined by dividing a Trust's estimated net annual interest income per unit by the public offering price per unit. Estimated long-term return is a measure of the estimated return over the estimated life of a Trust. Unlike estimated current return, estimated long-term return reflects maturities, estimated principal prepayments, Trust charges and expenses, and discounts and premiums of securities in a Trust. Returns and prices will fluctuate. Consult a prospectus for a more complete description of the estimated current return and estimated long-term return calculations.

Some of the information may have been obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor's. Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party. Third party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPESATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice. Please see the prospectus for a full description of the bond ratings.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

Fund Cusip Information
33741B324 (Cash)
33741B332 (Cash-Wrap)
Printer Friendly Page Printer Friendly Page

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.